Asian stocks rose on Friday as investors bought shares that stood to benefit the most from an expected global recovery, but were set for their biggest weekly decline since March as volume
The U.S. Treasury Department said on Thursday that four insurers had been approved for access to the government's bank bailout plan. A Treasury spokesman said Hartford Financial, Prudential Financial Group, Lincoln National
U.S. Federal Officials have urged banking giant Bank of America Corp (BAC.N) to revamp its board and bring in directors with more banking experience, the Wall Street Journal said. A committee, led
Google Inc is lifting restrictions on the use of trademarked terms in its U.S. online advertising system, a move that could increase friction between the Internet giant and brand owners. The new
Hackers launched an attack on Facebook's 200 million users on Thursday, successfully gathering passwords from some of them in the latest campaign to prey on members of the popular social networking site.
British bank Barclays Plc is in talks to sell its asset management business, Barclays Global Investors, a source familiar with the matter said. By 0720 GMT Barclays shares jumped 8.3 percent at
In 2008, EU27 FDI1 (foreign direct investment) in extra-EU27 countries (outflows) fell by 28%, from 496 billion euro in 2007 to 354 bn in 2008, while FDI into the EU27 from the
The number of foreign tourists visiting Britain in the first three months of this year was 13 percent lower than in 2008, and Britons made 19 percent fewer trips abroad, official data
Sony Corp forecast a second straight year of losses as the global recession batters demand for consumer electronics but the Japanese company stopped short of taking any new aggressive steps to cut
Wal-Mart Stores Inc (WMT.N) reported a roughly flat quarterly profit on Thursday as its low prices attracted shoppers amid a global economic slowdown, but the retailer's results were limited by a stronger
